Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-10-11

• JASMYUSDT fell from $0.01214 to $0.0101 after a sharp selloff in early UTC hours.
• Price found support near $0.0100–$0.0102 in the last 6 hours.
• Momentum indicators suggest oversold conditions at the 15-minute level.
• Bollinger Bands tightened before the breakdown to $0.0101, signaling low volatility.
• Volume spiked during the 21:00–22:00 UTC selloff, confirming bearish momentum.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01202 on 2025-10-10 at 12:00 ET and reached an intraday high of $0.01214 before falling to a low of $0.01008. The pair closed at $0.0102 at 12:00 ET on 2025-10-11. Total volume amounted to 839,755,420.00000002 JASMY, while notional turnover reached $8,397,554.20 over the 24-hour period. Price action showed a clear breakdown from a consolidation range, followed by a retest of key support levels.

At the 15-minute level, JASMYUSDT formed a bearish engulfing pattern near $0.01194, which preceded a sharp drop to $0.0101. The 20-period moving average crossed below the 50-period line, forming a bearish signal. On the daily chart, the 50-day MA is above the 200-day MA, indicating a bearish bias in the broader trend. Key support levels were identified at $0.0100–$0.0102 and $0.0095–$0.0096, while resistance levels appear at $0.0105–$0.0107 and $0.0110–$0.0112.

The RSI on the 15-minute chart dipped into oversold territory at 23.34, suggesting potential for a short-term rebound. The MACD line crossed below the signal line in early UTC hours, reinforcing bearish momentum. However, the histogram began narrowing after 04:00 UTC, hinting at decreasing momentum. Bollinger Bands showed a significant contraction before the breakdown, with prices breaching the lower band at $0.0101, indicating a high-volatility move. The subsequent expansion in the bands suggests increased uncertainty in the market.

Volume spiked during the 21:00–22:00 UTC selloff, with a single 15-minute candle accounting for $193 million in turnover. Turnover and price moved in tandem, confirming the bearish break. A divergence between volume and price was not observed, indicating that the sell-off was broad-based and not driven by a single factor. Fibonacci retracement levels from the $0.01214 high to the $0.01008 low indicate potential support at $0.0107 (38.2%) and $0.0102 (61.8%). The 61.8% level appears to be the key near-term floor.

The backtesting strategy provided leverages a combination of RSI and Bollinger Bands to generate buy and sell signals. When the RSI dips below 30 and prices close below the lower Bollinger Band, a short signal is generated. Conversely, when RSI rises above 70 and prices close above the upper band, a long signal is triggered. This approach assumes a mean-reverting price dynamic and aims to capture rebounds from oversold and overbought extremes. Given the current RSI at 23.34 and prices below the lower band, a short bias is justified at this moment.